The middle class in America has been disappearing because of the rapid increase in the cost of living in the United States.
Indeed, the cost of living in the United States (food, rent, medical insurance and so on) has been growing rapidly. On the federal level, the poverty threshold for a family of five makes up $28,410, although 51% of all American workers make less than $ 30,000 a year at the moment.
Also read: Poverty in America: Special report
In the US, the number of employed, yet poor individuals has been growing rapidly. The rising cost of health insurance is one of the most unpleasant things that Americans have to face in their every day lives. Barack Obama promised that his program would reduce health insurance by $ 2,500 for a family, but the cost of premiums has grown by $4,865 since 2008.
Food prices have become 3.9 percent more expensive, thus marking the biggest rise since July 2012. According to the US Census Bureau, nearly 47 million Americans live in poverty right now. In 2007, approximately one out of every eight children in the US was receiving food stamps. Today, the index has grown to one of every five.
Experts point out that there are 1.5 million households in the United States that live on less than two dollars a day. This number has doubled since 1996. Forty-six million Americans use food banks each year.
The number of homeless children in the United States has increased by 60 percent in the last six years. Approximately 1.6 million American children slept in a homeless shelter, or in a similar facility, at least once last year.
Read article on the Russian version of Pravda.Ru